London Co. of Virginia Lowers Stake in Republic Services, Inc. $RSG

Key Points

• London Co. of Virginia trimmed its stake in Republic Services by 2.7%, selling 9,097 shares to finish Q3 with 322,109 shares worth about $73.9 million.
• Republic Services beat EPS estimates ($1.76 vs. $1.62) but missed revenue expectations, set FY2026 guidance of 7.20–7.28 EPS, and declared a $0.625 quarterly dividend (1.1% yield).
• Analysts give the stock a consensus "Moderate Buy" with a target of $245.70, while the company trades at a market cap of $69.15 billion and a P/E of 32.69.

London Co. of Virginia trimmed its position in Republic Services, Inc. (NYSE:RSG - Free Report) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,109 shares of the business services provider's stock after selling 9,097 shares during the quarter. London Co. of Virginia owned 0.10% of Republic Services worth $73,918,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Financial Consulate Inc. purchased a new stake in Republic Services during the third quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new stake in Republic Services during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Republic Services by 121.8% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 122 shares of the business services provider's stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Republic Services in the third quarter valued at about $29,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in shares of Republic Services during the second quarter worth about $33,000. Hedge funds and other institutional investors own 57.73% of the company's stock.

Republic Services Price Performance

RSG stock opened at $223.93 on Tuesday. The stock's 50 day moving average is $219.60 and its two-hundred day moving average is $218.95. Republic Services, Inc. has a 52-week low of $201.42 and a 52-week high of $258.75. The company has a market capitalization of $69.15 billion, a PE ratio of 32.69, a P/E/G ratio of 3.71 and a beta of 0.54. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.08.

Republic Services (NYSE:RSG - Get Free Report) last released its earnings results on Tuesday, February 17th. The business services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.62 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $4.21 billion. Republic Services had a return on equity of 18.44% and a net margin of 12.90%.The business's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.58 EPS. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. Analysts predict that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.50 annualized dividend and a dividend yield of 1.1%. Republic Services's payout ratio is presently 36.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RSG. Barclays set a $227.00 target price on Republic Services in a research note on Monday, February 23rd. Morgan Stanley decreased their price target on Republic Services from $230.00 to $225.00 and set an "equal weight" rating for the company in a report on Wednesday, February 18th. UBS Group increased their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. Oppenheimer dropped their price objective on shares of Republic Services from $256.00 to $255.00 and set an "outperform" rating on the stock in a research note on Friday, January 23rd. Finally, Wolfe Research started coverage on shares of Republic Services in a research note on Friday. They issued a "peer perform" rating for the company. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $245.70.

Republic Services Company Profile

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic's core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.

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